International Corporate Rescue
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Vol 19 (2022) - Issue 6
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Denaxe Limited v Paul Cooper, David Rubin [2022] EWHC 764 (Ch)
Frederick Money, Associate, and Caroline Platt, Senior Associate, Freshfields Bruckhaus Deringer LLP, London, UKSynopsis
The High Court granted an application by the defendant receivers (the 'Receivers') to strike out a damages claim brought by the claimant, Denaxe Limited ('Denaxe'). The Court considered in detail the extent of immunity conferred on trustees or office-holders who have obtained Court sanction for their decision to enter into a particular transaction. It held that immunity extended to claims for breach of statutory and common law duties of care and was not limited to claims for breach of fiduciary duty.
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